Saudi Polymers complex to restart next week following unscheduled outage

7:14 AM MDT | July 16, 2013 | Natasha Alperowicz

National Petrochemical Co. (Petrochem; Riyadh) says it is completing the final phase of maintenance work at the Saudi Polymers’ complex at Al Jubail following an unscheduled outage, which began 30 June, and expects it to restart beginning of next week. Saudi Polymers is a joint venture in which Petrochem owns 65% and Arabian Chevron Phillips Petrochemical 35%. Petrochem says it estimates its share of the financial impact to be in the region of $88 million. This is the second unscheduled outage at Saudi Polymers since commercial production started on...